European hosted VOIP market generated 45.8 mln euros in 2003

Frost & Sullivan reveals that the hosted Internet protocol (IP) telephony market generated revenues of EUR 45.80 mln in 2003. The analysts expect the market to perform at a CAGR of 93.2%, reaching EUR 1.23 bln in 2008. The report segments market analysis into Centrex IP, IP Centrex, hosted IP private branch exchange (IP PBX), and Integrated Access.